Walmart Earnings: What To Look For From WMT

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Retail behemoth Walmart (NYSE:WMT)
will be reporting results tomorrow before market open. Here’s what to expect.

Last quarter Walmart reported revenues of $160.8 billion, up 5.2% year on year, beating analyst revenue expectations by 1.4%. It was a mixed quarter for the company, with revenue outperforming Wall Street’s estimates, driven by better-than-expected same-store sales growth. On the other hand, full-year adjusted EPS forecast missed analysts’ expectations.

Is Walmart buy or sell heading into the earnings? Find out by reading the original article on StockStory.

This quarter analysts are expecting Walmart’s revenue to grow 3.2% year on year to $169.3 billion, slowing down from the 7.3% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.65 per share.

The analysts covering the company have been growing increasingly bullish about the business heading into the earnings, with revenue estimates seeing nine upward revisions over the last thirty days. The company has a history of exceeding Wall St’s expectations, beating revenue estimates every single time over the past two years on average by 2.5%.

With Walmart being the first among its peers to report earnings this season, we don’t have anywhere else to look at to get a hint at how this quarter will unravel for non-discretionary retail stocks, but there has been positive sentiment among investors in the segment, with the stocks up on average 4.2% over the last month. Walmart is up 4.5% during the same time, and is heading into the earnings with with analyst price target of $181.6, compared to share price of $169.6.